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Target

A preview of Target’s latest small-format store

A preview of Target’s latest small-format store

NEW YORK — Target Corp. held a ribbon cutting this week for a store in the Kip’s Bay neighborhood of Manhattan. The outlet, which will officially open on Sunday, is the retailer’s fifth small-format store in Manhattan and its 78th store in the greater New York area. Target also opened two small-format stores this week

Target launches Smartly brand

MINNEAPOLIS — Target Corp. has launched a bargain brand called Smartly, mostly featuring household products priced at $2 or less. The private label line comprises more than 70 items, including hand soap, paper plates, household cleaners and razors. Prices range from 59 cents to $11.99, but most items are under $2. “Over the past few

Target raises the bar with delivery options

Target raises the bar with delivery options

MINNEAPOLIS — Target Corp. is upping its delivery game as it vows to be the “easiest place to shop for the holiday season.” Target said Tuesday that it will become first retailer to offer same-day delivery and drive up service coast to coast. The retailer said its will also offer free two-day shipping to all customers,

Target sees sales, traffic surge in Q2

Target sees sales, traffic surge in Q2

MINNEAPOLIS — Target Corp. on Wednesday posted a 6.5% comparable sales gain for its second quarter, driven by increased store traffic and online sales. That is the company’s biggest increase in more than a decade. Total company sales increased 7.0%, to $17.6 billion, and total revenues rose 6.9% to  $17.8 billion. Target said its traffic

Target names Bauer SVP, global inventory management

Target names Bauer SVP, global inventory management

MINNEAPOLIS — Target Corp. announced that John Bauer will join the company as senior vice president, global inventory management. In this role, Bauer will lead the teams responsible for ordering, inventory positioning, global trade and domestic transportation. He will report to Arthur Valdez Jr., Target’s executive vice president and chief supply chain officer. Bauer most

Target to expedite online fulfillment with Shipt

MINNEAPOLIS — Target Corp. has purchased online same-day delivery platform Shipt Inc. for $550 million. The discounter will leverage its store network and Shipt’s proprietary technology platform and community of shoppers to provide same-day delivery across the country. The acquisition will accelerate Target’s digital fulfillment efforts, bringing same-day delivery services to approximately half of its

Target to acquire Shipt

Target to acquire Shipt

MINNEAPOLIS — Target Corp. announced Wednesday that it has agreed to acquire the same-day delivery company Shipt Inc. for $550 million in cash. The retailer said Shipt’s technology platform and its community of professional shoppers, together with Target’s own network of stores, will allow it to quickly and efficiently phase in same-day delivery throughout the

Target sees sales, traffic gains in third quarter

Target sees sales, traffic gains in third quarter

MINNEAPOLIS — Target Corp.’s third quarter sales and earnings beat expectations, and the company said it is upbeat about its prospects for the holiday season. But the company’s fourth quarter profit outlook disappointed Wall Street, sending its shares down in early trading on Wednesday. Target forecast adjusted earnings of $1.05 to $1.25 per share for

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